Philippines Electrical Steel : Philippines Energy Sector Meralco Reports Increase In Electricity Sales Amidst Ongoing Recovery

 

The Philippines has seen immense growth in its electrical over the past decade. With rising urbanization and industrialization, demand for electricity has skyrocketed. This has driven the need for greater investments in power generation, transmission, and distribution infrastructure across the country. At the heart of it all lies the growing demand for electrical steel to support this expansion.


What Is Philippines Electrical Steel ?


Electrical steel, also known as silicon steel, lamination steel, or transformer steel, is specially processed steel used in transformer cores, motor cores, and other applications where low hysteresis loss and high magnetic permeability are required at industrial frequencies. Due to its unique grain-oriented structure, electrical steel has a property called low hysteresis, which produces minimum energy loss when magnetized and demagnetized. It also has high magnetic permeability needed for efficient magnetic circuits where magnetic fields are constantly changing.


Rise Of Renewable Power Generation


With its abundance of renewable energy resources like solar, wind, geothermal and hydro power, the Philippines government is strongly promoting renewable energy. The country has set ambitious targets of sourcing 35% of its power needs from renewable sources by 2030 and 50% by 2040. This rapid growth of renewable power plants is leading to increased demand for electrical steel that forms the core components in generators and turbines used in wind, solar and hydropower systems.


Growing Power Transmission Infrastructure


To effectively utilize renewable power generated across remote regions, massive investments are being made in expanding the country's high voltage power transmission network. New overhead transmission lines as well as underground and submarine cables are being laid out which require extensive use of electrical steel in transformers installed at power substations. Additionally, more substations are being established across the island nation to receive and redistribute the increasing volume of electricity being pumped into the grid.


Swelling Electric Vehicle Sector


The Philippines government aims to have electric vehicles make up more than 30% of new car sales by 2030 in order to reduce carbon emissions from the transport sector. This ambitious EV program will drive the local manufacturing of electric buses, trucks, cars and two-wheelers over the coming years. Being a key component in electric motors, the burgeoning EV is viewed as a huge potential for electrical steel manufacturers.


Home Appliance And Industrial Motor


With rapidly growing household incomes, sales of home appliances like refrigerators, air conditioners, washing machines are booming in the Philippines. These appliances extensively use induction motors requiring laminated electrical steel in their stator and rotor cores. Additionally, the industrial sector that includes food processing, construction, mining etc are relying more on electric motors to power machinery and equipment. All this is translating to ever-growing demand from the home appliance and industrial motors segment.


Rising Domestic Manufacturing Of Electrical Steel


To keep up with this expanding demand, Philippines electrical steel manufacturers are ramping up and modernizing production. Leading firms like China Steel Corporation (CSC), Philippine Steel (PICOP), JFE Steel Philippines (JFESP) and Acero de Manila (ADM) have all undertaken big capacity expansion programs in recent years. Local producers are also importing advanced production technologies from countries like Japan, Germany and China to produce wider varieties of grain-oriented and non-oriented electrical steel grades as per international standards. This will help boost self-sufficiency and replace a major chunk of imports that currently meet around 50% of the Philippines' electrical steel requirement.


With large-scale investments committed across power generation, transmission, renewable energy, electric vehicles and manufacturing industries, the Philippines' electrical sector is seen growing rapidly over the next decade. This healthy growth outlook provides assurances to electrical steel manufacturers to continue augmenting local production capacities. If the government succeeds in achieving its carbon reduction targets through renewable expansion and EV adoption, electrical steel demand is projected to rise 10-15% annually in the medium term. Coupled with rising domestic manufacturing competencies, the Philippines seems poised to emerge as a key player in the Southeast Asian electrical steel in the times ahead.


*Note:

1. Source: Coherent Market Insights, Public sources, Desk research

2. We have leveraged AI tools to mine information and compile it


Get more insights on this topic: https://www.dailyprbulletin.com/philippines-electrical-steel-the-rise-of-electrical-steel-production-in-the-philippines/

 

Author Bio

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. (LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)

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